Hey, I hope you guys are doing well. I couldn't trade in the past several weeks because of my final exams but after that, I will get back to full-time trading and will post a lot of charts for you guys!
Now let's see we have a Head and Shoulder pattern formed here. My plan is to wait for a breakdown of the neckline at 0.9559 which is also the weekly ...
We have a symmetrical triangle here. This one will be tricky but my expectations are bearish in mid-term. I believe we will see another touch to the trendline at 1.116 but a Lower High at 1.1580 before that won't surprise me.
Entry after 4h candle close confirmation.
Targets are given at the chart.
Rules for entry:
-Bearish reversal candle signal
-Macd downtick on 15-30m
-RSI bearish divergence
- Start Laddering ONLY AFTER 8th TD candle on 30m if AT LEAST 2 of the conditions are met.
-Possible Leading first diagonal, Plan is trading the correction then entering long if the trend does not change
-RSI approaching resistance
- Good ...
Reasons to short:
-Bearish Divergence on RSI
-Possible 5th Wave Ending Diagonal
-Shooting Star and Hanging Man on 30m
I entered most of my shorts but we might see one more leg up. Let's see how this one turns out